Month: June 2026

Elk Development owes about $60 million on Hollywood apartments, according to two notices of default dated early June.  Acres Capital loaned Elk around $41 million via a construction note five years ago. The note was amended and increased to $44 million. The loan was later sold, and now the current noteholder, who claims Elk defaulted…

Meg Ryan’s former Montecito estate is back on the market a year after the actress flipped the property.  The oceanview compound at 857 Picacho Lane has returned to the market asking $19.9 million, roughly $3.1 million more than the $16.8 million the buyer paid for the property just over a year ago, Realtor.com reported. The…

HVN Development is doubling down in Westchester with latest affordable housing push. Irvine-based HVN filed an application with the City of Los Angeles to build a five-story, 77-unit affordable housing development at 8811 South Reading Avenue just northeast of Los Angeles International Airport in Westchester, Urbanize Los Angeles reported.  The plans call for a mix…

The priciest home to go into contract in Los Angeles County last week was at 917 Oxford Way in the famed Beverly Hills’ 90210 ZIP code, asking just under $15 million. The six-bedroom, six-bathroom home spanning more than 7,500 square feet topped luxury contracts in the area, based on a report compiled by Marcy Roth…

One of Bel Air’s most prominent family compounds has come to market.  Villa Cresta, the longtime home of late financier John Hotchkis and arts patron Joan Hartley Hotchkis, has been listed for $65 million. The more than 4-acre estate is being marketed by Compass’ David Kramer and Andrew Buss and is being sold through the…

The Samueli family’s multibillion-dollar OC development landed a tenant. The mixed-use district, backed by Anaheim Ducks owners and billionaires Henry and Susan Samueli, inked a deal with Kiln. Kiln, a coworking company, will rent the Weave offices that anchor the development called OCVibe in Anaheim. The timber office building is six stories and about 170,000…

As state and local races were called this past week following the June 2 primary, real estate money has fewer candidates to turn to.  For Los Angeles mayor, City Council member Nithya Raman took down reality TV star Spencer Pratt — who had notable real estate backers, including Westside Estate Agency’s Kurt Rappaport and billionaire…

It was a DTLA week — so, let’s take it from the top.  Northwind announced it made a $132 million first-mortgage acquisition note to back 601W’s purchase of Wells Fargo Center’s North Tower, distressed offices downtown owned by Brookfield.  The price tag on 333 South Grand Avenue wasn’t disclosed, but sources previously told The Real…

Los Angeles Rams quarterback Matthew Stafford trims his Hidden Hills holdings, unloading three luxury homes for $21.3 million in back-to-back deals in a matter of hours.  The sales comprise three homes at 5841 Round Meadow Road that became rapper Drake’s former “YOLO Estate,” Realtor.com reported. The properties had spent nearly two years on and off…

A mansion in Pasadena made famous by a 1980s television brawl just hit the market for an eye-popping sum.  The Arden Villa at 1145 Arden Road is up for sale for $45 million, Robb Report reported. The home served as the backdrop for the famous lily pond fight between Linda Evans and Joan Collins in…